News:
Brokerage
Posted: November 19, 2007
iCap places $5.8 million for Ski Market and Fitness/Tennis Center
According to Gus Costaldo, of Houlihan-Parnes/iCap Realty Advisors LLC, the company has placed a $5.8 million first mortgage interim loan to finance the acquisition of a 7,400 s/f Ski Market store and a 40,140 s/f Fitness and Tennis Center on Westport Ave. The 5 year, floating rate interim loan floats at 135 BP over one month LIBOR and the lender has the option to fund a $400,000 earn out in six months.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
